Prices of plant-based dairy in Mexico remain significantly higher than those of traditional dairy products. Plant-based milk can cost over twice as much as cow's milk, and plant-based alternatives to cheese and yoghurt can be 40-60% more expensive.
Plant-based cheese continues to record the fastest growth – by double digits - albeit from a low base, as soy drinks and other plant-based milk drive overall demand for plant-based dairy in Mexico. Despite the strong growth rates and positive forecast, plant-based cheese is likely to remain a niche in the local market.
Plant-based innovation in dairy alternatives is expanding beyond a traditional focus on milk, and now encompasses cream, coffee whiteners and a variety of desserts, marking a new frontier in the dairy spectrum. Plant-based dairy in Mexico is still dominated by soy drinks and other plant-based milk, showing relevant room for expansion of other plant-based dairy options which are largely unexplored.
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Understand the latest market trends and future growth opportunities for the Plant-based Dairy industry in Mexico with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
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Data and analysis in this report provides further detailed coverage dedicated to a comprehensive range of core packaged food categories.
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Plant-based Dairy
This is the aggregation of plant-based milk, plant-based yoghurt and plant-based cheese. Please note that plant-based dairy products that are not milk, yoghurt or cheese are tracked under their core dairy categories (e.g. powder milk, margarine and spreads, coffee whiteners etc.)
See All of Our DefinitionsThis report originates from Passport, our Plant-based Dairy research and analysis database.
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